IRL Releases Profile of Eastern European Paint Industry

01.29.15

IRL has launched a new edition of its regional title A Profile of the Eastern European Paint Industry. This fully updated report provides market data for 2013 and forecasts for 2018, and gives an overview of the paint industry trends across 10 countries in the region.

The total market for paints and coatings in Eastern Europe was over 2.8 million tons in 2013, and is forecast to rise to more than 3.3 million tons by 2018. This is equivalent to an average annual growth rate of 2.7%.

On a country-by-country basis, Russia is by far the largest national market, accounting for approximately 54% of total demand. The Russian paints and coatings market is forecast to grow at a modest rate due to the slowdown of the Russian economy caused by a drop in oil prices, high interest rates and Western sanctions. The second largest paint market of Turkey will enjoy the highest growth rate over the next few years, underpinned by increasing domestic demand for locally-manufactured goods and increasing income of the Turkish population.

Architectural and decorative coatings for consumer and professional uses account for around 59% of the total market, although this proportion varies from country to country. Growth is forecast to be the highest in the industrial wood and powder coatings segments. The growth in the demand for industrial wood coatings is influenced by the dominant market of Turkey, the furniture production of which is currently booming due to high domestic and international demand for Turkish-made furniture. The most attractive opportunities for the supply of powder coatings to the East European region exist, predictably, in Russia and Turkey, where the demand for them is, firstly, driven by their product advantages over their liquid analogs.

A Profile of the Eastern European Paint Industry gives an insight into the market changes in the past few years, as well as outlining the key trends affecting the decorative and industrial coatings segments for each individual country covered. The scope of the study covers Armenia, Belarus, Estonia, Georgia, Latvia, Lithuania, Moldova, Russia, Turkey and the Ukraine. It provides 2013 market data on nine mainstream paints and coatings segments: architectural/decorative, industrial wood coatings, protective coatings, marine coatings, automotive OEM coatings, automotive refinishes, powder coatings, general industrial coatings and plastic coatings. Forecasts on these are also presented for the year 2018. The cost of the full report is €3,950.

The metal coatings market is projected to witness robust growth in the coming years: The demand is likely to surpass 6,000’000 tons by the end of 2018, according to the latest report by Fact.MR.
The growth of the metal coatings…

According to a new study published by Polaris Market Research the global automotive coatings market is anticipated to reach $35.82 billion by 2026. Escalating demand for coating materials in automobiles owing to its growing popularity of protect…

Kusumgar, Nerlfi & Growney announced the commencement of its fourth Global Paint & Coatings study.
According to the firm, global coating consumption in 2019 is expected to reach just above 100 billion lbs. and achieve a value of roughly $145…

According to a new research report by the market research and strategy consulting firm, Graphical Research, North America Attapulgite market size is expected to exceed $170 million by 2024.
An upsurge in agricultural activities in the U.S. owing…

According to the Graphical Research, in its new forecast analysis, the “Europe Marine Coatings Market” is estimated to surpass $2 billion by 2025.
Sturdy demand for marine coating products to increase the vessel’s life by…

The Industrial Liquid Coatings Market is set to grow from its current market value of more than $45 billion to more than $70 billion by 2025; as reported in the latest study by Global Market Insights, Inc.
Growth in the global oil & gas sector c…

Metallic Pigments Market size is set to surpass $2.3 billion by 2024; according to a new research report by Global Market Insights, Inc.
Rising demand for eco-friendly paints & coatings along with low carbon emissions is stimulating…

According to the latest market study released by Technavio, the global furniture wood coatings market is expected to grow at a CAGR of more than 6% until 2021.
Global furniture wood coatings market is expected to grow at a CAGR of over six percent…

According to a new report published by Allied Market Research, titled, "World Powder Coatings Market - Opportunities and Forecasts, 2014–2022," the powder coatings market is expected to generate $12,332 million by 2022. Powder coating…

Global demand for paint and coatings is forecast to rise 3.7 percent per year to 54.7 million metric tons in 2020, valued at $193 billion. Advances will be driven by strong economic growth in developing regions, particularly in the massive Asia/Pac…

Powder coating market size was 2.25 million tons in 2015, as per the latest research report by Global Market Insights, Inc. Consumer goods and automotives are the leading revenue generating applications for powder coating industry.
Powder coating…

Automotive coatings market size was calculated at 3.76 million tons in 2014, as per the latest research report by Global Market Insights, Inc. Increase in consumer preference to safeguard the vehicle from foreign particles, UV radiation, extrem…

Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies. You can obtain detailed information about the use of cookies on our website by clicking on "More information”.